Thursday, 21 July 2011

Allusions to conflicting interests and the press' willingness to play along, framing the debate thus: Merkel finds Kozy's planned 0.0025 percent tax on all European banks' assets risky and would rather not have taxpayers carry the brunt of the next Greek bailout.

Merkel's pretend implication has to be that the banks would just pass the cost along in the form of an additional fee to their customers, because the argument that it has anything to do with freeing or seizing up credit is by now laid bare: Lenders lend when they wanna, whether or not they have the money. It's one of the perks of being a lender.

So Kozy plays all "We gotta make those darn banks share!" while Merkin counters with "But that would hurt Mom & Pop!" while no one with any decision making authority dares to say that it is all the same money either way: Otto and Else Normalburger, happening along, are not going to be able to pick the shell with the pea under it, even if they get three tries.

So we gotta spare the banks the imposition of investing in their own future. Care to guess how much they're getting in return for the last "rescue package" - Greek Tragedy, part I? Really, just take a guess; because the answer you'd get from a ruling parliamentarian would be "That depends." or "It won't be that bad."

How bad? Let's just say that that quarter-on-every C-Note that was bandied about as a way to achieve half of the capital needed to keep the Greek Isles from going the way of Atlantis - and, as a result, knock the Earth off its axis and send it careening into a big black hole - is forty times less than the pile of profit that'll be divvied up come bonus time - whether the money is actually there or not.

* When there is no one left to exploit, pick someone to exploit even more. You'll never lose the support of the least exploited.getwattert am 28. Mär 2012

* One dream that comes true is the one where you piss all over yourself.getwattert am 14. Mär 2012

* I suppose we've all made a deal with the devil, otherwise we wouldn't be here.getwattert am 07. Mär 2012

* Health insurance mandate? The only time Germany should be your model is if you want to co-develop a weapon that'll do to the Japs in a flash (lickety split) what it took Reich 3.0 several years to do to the Jews.getwattert am 06. Mär 2012